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Cyber Monday Deals Likely To Cause Biggest Online Sales Day Ever

Cyber Monday Deals have been revealing themselves for the last month, and, now, with Monday upon us, many experts believe this could be the most trafficked and profitable Cyber Monday to date.

Experts believe Cyber Monday will create the busiest shopping day for the third straight year in a row. According to research firm comScore, Americans are likely to spend around $1.5 billion on Monday, a 20 percent increase over last year’s online sales event.

Cyber Monday Deals include Amazon.com with its 60 percent off deal for the Panasonic VIERA 55-inch TV and Sears’ $430 discount for a washer and dryer that are priced at $399 each. Even Kmart is jumping into the online sales game with 75 percent off diamond earrings.

With more customers then ever before shopping on their tablets, smartphones, and various other devices, Cyber Monday is turning into a powerhouse sales event. Sales are also being helped along as more users adapt to high-speed internet protocols, allowing for more convenient e-commerce.

With stores receiving 40 percent of their annual revenue over the holiday shopping season, the push for amazing Cyber Monday deals is becoming more prevalent.

While online retailers use Cyber Monday Deals to capture a bulk of their holiday sales, those same e-tailers managed to rack up $1.042 billion on Black Friday, a record for the online shopping industry and the first time online retailers surpassed $1 billion on Black Friday.

According to comScore, buyers have spent $13.7 billion online this holiday shopping season, a 16 percent increase over last year.